Shanghai Baosteel Packaging Co., Ltd.

SHSE:601968 Stock Report

Market Cap: CN¥5.9b

Shanghai Baosteel Packaging Balance Sheet Health

Financial Health criteria checks 4/6

Shanghai Baosteel Packaging has a total shareholder equity of CN¥4.0B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 29%. Its total assets and total liabilities are CN¥8.9B and CN¥5.0B respectively. Shanghai Baosteel Packaging's EBIT is CN¥309.6M making its interest coverage ratio 158.4. It has cash and short-term investments of CN¥640.6M.

Key information

29.0%

Debt to equity ratio

CN¥1.15b

Debt

Interest coverage ratio158.4x
CashCN¥640.59m
EquityCN¥3.98b
Total liabilitiesCN¥4.96b
Total assetsCN¥8.94b

Recent financial health updates

No updates

Recent updates

Pinning Down Shanghai Baosteel Packaging Co., Ltd.'s (SHSE:601968) P/E Is Difficult Right Now

Aug 01
Pinning Down Shanghai Baosteel Packaging Co., Ltd.'s (SHSE:601968) P/E Is Difficult Right Now

Shanghai Baosteel Packaging's (SHSE:601968) Soft Earnings Don't Show The Whole Picture

May 03
Shanghai Baosteel Packaging's (SHSE:601968) Soft Earnings Don't Show The Whole Picture

Shanghai Baosteel Packaging Co., Ltd.'s (SHSE:601968) Shares Lagging The Market But So Is The Business

Mar 05
Shanghai Baosteel Packaging Co., Ltd.'s (SHSE:601968) Shares Lagging The Market But So Is The Business

Financial Position Analysis

Short Term Liabilities: 601968's short term assets (CN¥3.6B) do not cover its short term liabilities (CN¥4.4B).

Long Term Liabilities: 601968's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥551.7M).


Debt to Equity History and Analysis

Debt Level: 601968's net debt to equity ratio (12.9%) is considered satisfactory.

Reducing Debt: 601968's debt to equity ratio has increased from 19.5% to 29% over the past 5 years.

Debt Coverage: 601968's debt is well covered by operating cash flow (49.2%).

Interest Coverage: 601968's interest payments on its debt are well covered by EBIT (158.4x coverage).


Balance Sheet


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